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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Cyber Monday's $1.46 Billion Headlines 'Cyber Week' as Three Individual Days Eclipse $1 Billion in Online Spending
Unseasonably Warm Temperatures Contribute to Softer Online Spending Growth During Back Half of the Week

RESTON, Va., Dec. 2, 2012 /PRNewswire/ -- comScore (NASDAQ : SCOR), a leader in measuring the digital world, today reported holiday season retail e-commerce spending for the first 30 days of the November–December 2012 holiday season. For the holiday season-to-date, $20.4 billion has been spent online, marking a 15-percent increase versus the corresponding days last year. The most recent week saw three individual days eclipse $1 billion in spending, led by Cyber Monday, which became the heaviest online spending day on record at $1.46 billion. Tuesday, November 27 reached $1.26 billion, while Wednesday, November 28 reached $1.11 billion. Monday and Tuesday of this past week currently rank as the two heaviest online spending days in history, with the Tuesday total slightly outpacing that of Cyber Monday 2011.

(Logo:  http://photos.prnewswire.com/prnh/20080115/COMSCORELOGO )

2012 Holiday Season To Date vs. Corresponding Days* in 2011

Non-Travel (Retail) Spending

Excludes Auctions and Large Corporate Purchases

Total U.S. – Home & Work Locations

Source: comScore, Inc.


Millions ($)

2011

2012

Percent Change

November 1-30

$17,791

$20,376

15%

Thanksgiving Day (Nov. 22)

$479

$633

32%

Black Friday (Nov. 23)

$816

$1,042

28%

Thanksgiving Weekend (Nov. 24-25)

$1,031

$1,187

15%

Cyber Monday (Nov. 26)

$1,251

$1,465

17%

Cyber Week (Nov. 26-Nov. 30)

$4,928

$5,462

11%

*Corresponding days based on corresponding shopping days (November 3 thru December 2, 2011)

"Cyber Monday kicked off Cyber Week with a record spending total of $1.46 billion, but the 'sugar high' appears to be somewhat short-lived," said comScore chairman Gian Fulgoni. "While we still saw three billion dollar days this week, growth rates dampened following the peak demand of the Thanksgiving-to-Cyber Monday promotional period. This is a similar pattern to what we observed last year. In addition, unseasonably warm weather throughout many parts of the country may have given consumers some added impetus to shop in-store rather than rely on online shopping."

Free Shipping Remains Important Driver of Online Holiday Spending

More than half of e-commerce transactions during each of the past three weeks of the holiday season have included free shipping, with a peak of 57 percent during the week ending Sunday, November 25. During the first five weeks of the holiday season, consumers spent an average of 42 percent more on free shipping transactions than on paid shipping transactions, including a 51-percent higher average order value during the week ending November 25.

Free vs. Paid Shipping Analysis for 2012 Holiday Season

Excludes Transactions from Digital Content & Subscriptions Category

Total U.S. – Home & Work Locations

Source: comScore, Inc.

Week Ending…

Percentage of Transactions

Average Order Value

Free Shipping

Paid Shipping

Free Shipping

Paid Shipping

November 4, 2012

36%

64%

$99

$93

November 11, 2012

42%

58%

$132

$65

November 18, 2012

55%

45%

$105

$82

November 25, 2012

57%

43%

$137

$91

December 2, 2012*

50%

50%

$111

$91

*Includes first five days of the week through Friday, November 30, 2012

"Though retailers must often sacrifice margins when they provide free shipping, they benefit because consumers tend to spend significantly more on those transactions," added Mr. Fulgoni. "Consumers may either be responding to the minimum spending thresholds needed in order to receive free shipping, or figure that as long as they know they're receiving free shipping it might be worth adding another item or two to their shopping basket."

Smartphones & Tablets Drive Online Retail Product Category Growth for Season-to-Date

Increasing adoption of smartphones and tablets continues to be a strong driver of product category sales during the online holiday shopping season. The top-gaining category for the season-to-date is Digital Content & Subscriptions, which includes digital book, music and video downloads, which has grown 25 percent versus year ago. The Consumer Electronics category, despite softening growth in flat panel TV sales, ranks 4th at 17 percent growth, largely on the strength of smartphone sales. The Computer Hardware category is seeing gains of 15 percent on the strength of tablet sales, despite traditional laptop and desktop computers posting more modest gains. Other categories currently performing well include Toys (up 21 percent), Consumer Packaged Goods (up 18 percent) and Video Game Consoles & Accessories (up 16 percent).

Top Gaining Product Categories for Holiday Season-to-Date

Nov 1-30, 2012 vs. Corresponding Shopping Days in 2011

Total U.S. – Home & Work Locations

Source: comScore, Inc.


Percent Change

Digital Content & Subscriptions

25%

Toys

21%

Consumer Packaged Goods

18%

Consumer Electronics

17%

Video Game Consoles & Accessories

16%

About comScore

comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital world and preferred source of digital business analytics. For more information, please visit www.comscore.com/companyinfo.

SOURCE comScore, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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